Hartmann Taylor Wealth Management LLC Boosts Stock Position in Capital Group Municipal Income ETF $CGMU

Hartmann Taylor Wealth Management LLC boosted its holdings in shares of Capital Group Municipal Income ETF (NYSEARCA:CGMU) by 29.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 231,519 shares of the company’s stock after purchasing an additional 52,663 shares during the quarter. Capital Group Municipal Income ETF comprises approximately 4.3% of Hartmann Taylor Wealth Management LLC’s holdings, making the stock its 7th largest position. Hartmann Taylor Wealth Management LLC’s holdings in Capital Group Municipal Income ETF were worth $6,339,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CGMU. Capital International Investors increased its position in Capital Group Municipal Income ETF by 14.8% in the 3rd quarter. Capital International Investors now owns 45,584,635 shares of the company’s stock worth $1,244,005,000 after buying an additional 5,890,074 shares during the period. Envestnet Asset Management Inc. increased its position in Capital Group Municipal Income ETF by 18.7% during the third quarter. Envestnet Asset Management Inc. now owns 9,998,302 shares of the company’s stock worth $272,854,000 after acquiring an additional 1,573,897 shares during the period. Northwestern Mutual Wealth Management Co. increased its position in Capital Group Municipal Income ETF by 32.6% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 6,597,766 shares of the company’s stock worth $180,053,000 after acquiring an additional 1,620,219 shares during the period. UBS Group AG raised its stake in Capital Group Municipal Income ETF by 12.3% during the 3rd quarter. UBS Group AG now owns 3,582,696 shares of the company’s stock valued at $97,772,000 after purchasing an additional 393,042 shares during the last quarter. Finally, Commonwealth Equity Services LLC boosted its holdings in Capital Group Municipal Income ETF by 3.0% in the 3rd quarter. Commonwealth Equity Services LLC now owns 2,361,585 shares of the company’s stock valued at $64,448,000 after purchasing an additional 69,685 shares during the period.

Capital Group Municipal Income ETF Stock Performance

NYSEARCA CGMU opened at $27.15 on Wednesday. The company’s fifty day moving average is $27.60 and its two-hundred day moving average is $27.47. Capital Group Municipal Income ETF has a 52-week low of $25.83 and a 52-week high of $27.93.

Capital Group Municipal Income ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Monday, March 2nd. Investors of record on Friday, February 27th were paid a $0.0827 dividend. The ex-dividend date was Friday, February 27th. This is a boost from Capital Group Municipal Income ETF’s previous monthly dividend of $0.07. This represents a c) annualized dividend and a dividend yield of 3.7%.

Capital Group Municipal Income ETF Profile

The Capital Group Municipal Income ETF (CGMU) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed portfolio of US municipal bonds of varying maturities, exempt from regular federal income tax. CGMU was launched on Oct 25, 2022 and is managed by Capital Group.